Bonterra Energy (TSE:BNE) Share Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Bonterra Energy Corp. stock price recently crossed above its 200-day moving average of C$3.47, reaching a high of C$3.54 during trading.
• The company has a market capitalization of C$128.98 million and a P/E ratio of -18.63, indicating potential challenges in profitability.
• Bonterra operates in the Western Canadian Sedimentary Basin, focused on the exploration and production of crude oil and natural gas.

Bonterra Energy Corp. (TSE:BNE - )'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.47 and traded as high as C$3.54. Bonterra Energy shares last traded at C$3.54, with a volume of 42,390 shares traded.

Bonterra Energy Stock Up 4.1%

The business's fifty day moving average price is C$3.56 and its 200 day moving average price is C$3.47. The company has a market capitalization of C$128.98 million, a P/E ratio of -18.63 and a beta of 0.92. The company has a current ratio of 0.53, a quick ratio of 0.21 and a debt-to-equity ratio of 29.00.

About Bonterra Energy

Bonterra Energy Corp is an oil and gas exploration company operating in the Western Canadian Sedimentary Basin. The company develops and produces crude oil, natural gas, and natural gas liquids. Bonterra operates in one industry and has only one reportable segment. Its assets consist of crude oil and natural gas assets.

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